Shares of China Evergrande suspended as chairman under police watchTrading in shares of China Evergrande were suspended on Thursday after a report that its chairman had been placed under police surveillance...
28 Sep, 2023, 07.17 AM IST
What's in store for China Evergrande with its chairman now under police watch?China Evergrande Group's chairman, Hui Ka Yan, has reportedly been placed under police surveillance, adding to uncertainties surrounding th...
27 Sep, 2023, 01.34 PM IST
China Evergrande bondholders receive overdue bond coupon payments: ReportShares of Evergrande listed in Hong Kong jumped over 9% by mid-morning on relief the latest deadline was met.
11 Nov, 2021, 11.09 AM IST
Investors await Evergrande's overdue $148 million payment as debt woes growDespite the debt woes of Evergrande, its electric vehicles (EV) unit is pushing ahead with its business plan. The unit is seeking Chinese r...
10 Nov, 2021, 01.51 PM IST
China Evergrande shares fall on persistent pressure from debt travailsChina Evergrande Group is reeling under more than $300 billion in liabilities, fuelling worries about the impact of its fate on global mark...
27 Oct, 2021, 11.52 AM IST
Looming Evergrande bond coupon payments intensify contagion fearsSmall developers Modern Land and Sinic Holdings were the latest scrambling to delay deadlines, after Evergrande and Fantasia missed their p...
12 Oct, 2021, 10.48 AM IST
China Evergrande to raise $5 billion from property unit sale: ReportEvergrande's property development unit was also profitable in the first half of 2021 and revenue rose compared with a year earlier.
04 Oct, 2021, 12.42 PM IST
China Evergrande share trading halted in Hong KongShares in Evergrande have plunged 80% so far this year, while its property services unit has dropped 43% as the group scrambles to raise fu...
04 Oct, 2021, 07.32 AM IST
Cash-strapped Evergrande Group to sell $1.5 billion stake in Shengjing Bank to state firmShengjing Bank, one of the main lenders to Evergrande, had demanded that all net proceeds from the disposal be used to settle the financial...
30 Sep, 2021, 12.07 AM IST
Fears grow for China Evergrande after interest deadline missedA deadline for paying $83.5 million in bond interest passed without remark from Evergrande and bondholders had not been paid nor heard from...
24 Sep, 2021, 01.17 PM IST
Evergrande's second-biggest shareholder plans to sell entire stakeChina Evergrande stock soared as much as 32% in the biggest daily percentage rise since listing in November 2009, after its unit said on We...
23 Sep, 2021, 11.47 AM IST
China's Evergrande shares soar 20% in Frankfurt as unit to make coupon paymentEvergrande’s main unit Hengda Real Estate Group will make coupon payment on onshore bonds after successful private negotiations with bond h...
22 Sep, 2021, 01.34 PM IST
Crunch time for Evergrande, but no 'Lehman moment'While predominantly a developer, Evergrande -- which employs 200,000 people, has a presence in more than 280 cities and claims to indirectl...
21 Sep, 2021, 01.05 PM IST
Evergrande China’s Lehman moment: Uday Kotak“Evergrande seems like China’s Lehman moment. Reminds us of IL&FS,” Kotak said in a tweet on microblogging website Twitter.
21 Sep, 2021, 12.05 PM IST
Evergrande gave workers a choice: Loan us cash or lose your bonusEvergrande is on the hook to buyers for nearly 1.6 million apartments, according to one estimate, and it may owe money to tens of thousands...
20 Sep, 2021, 01.54 PM IST
China Evergrande onshore bond trading suspended after downgradeGoldman Sachs said in a report that because Evergrande has dollar bonds issued by both the parent company and a special purpose vehicle, re...
16 Sep, 2021, 01.11 PM IST
Why China’s economy is threatened by a property giant’s debt problemsConsidered as the world’s most debt-saddled property developer, Evergrande has been on life support for months. It has more than $300 billi...
10 Sep, 2021, 08.43 PM IST